By Tomoko A. Hosaka, Associated Press Writer , On Sunday January 3, 2010, 5:26 am EST
TOKYO (AP) -- The Tokyo Stock Exchange will launch a new high-speed trading system Monday, scrapping an antiquated, glitch-prone platform for one that aims to compete with major global rivals.

The world's second-largest bourse after the New York Stock Exchange spent the weekend running final tests of its "Arrowhead" system, which can process trades in five milliseconds. That is 600 times faster than the two to three-seconds required until now, and roughly on par with its counterparts in New York and London.

rrbauer

01-04-2010, 05:03 AM

High speed betting that will replace an antiquated, glitch-prone platform? -- One can only hope....

By Tomoko A. Hosaka, Associated Press Writer , On Sunday January 3, 2010, 5:26 am EST
TOKYO (AP) -- The Tokyo Stock Exchange will launch a new high-speed trading system Monday, scrapping an antiquated, glitch-prone platform for one that aims to compete with major global rivals.

The world's second-largest bourse after the New York Stock Exchange spent the weekend running final tests of its "Arrowhead" system, which can process trades in five milliseconds. That is 600 times faster than the two to three-seconds required until now, and roughly on par with its counterparts in New York and London.

When Gulfstream had to declare a race "no contest" because a tractor driver couldn't get his machine in gear, it spoke to the whole sorry state of horse racing in America. Running race meets in sub-freezing weather, allowing race cards with 4- 5- and 6-horse fields to go on, offering a tote system to bettors that was declared "antiquated" FIFTEEN YEARS ago and continued haggling over fractions of a percent of commission from a declining revenue base that causes further revenue declines when customers AREN'T ALLOWED to purchase the product. "Go Baby Go" has been replaced by "Dysfunction Junction" as the industry mantra.